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Summary of Significant Accounting and Reporting Policies (Tables)
12 Months Ended
Jul. 31, 2016
Accounting Policies [Abstract]  
Schedule of numerators and denominators used in basic and diluted EPS calculations
The following table reconciles the numerators and denominators used in the basic and diluted EPS calculations:

 
 
Fiscal Years Ended July 31,
 
 
2016
 
2015
 
2014
Numerator:
 
 
 
 
 
 
Net (loss) income for basic calculation
 
$
(7,738,000
)
 
23,245,000

 
25,151,000

Effect of dilutive securities:
 
 

 
 

 
 

Interest expense (net of tax) on 3.0% convertible senior notes
 

 

 
3,394,000

Numerator for diluted calculation
 
$
(7,738,000
)
 
23,245,000

 
28,545,000

 
 
 
 
 
 
 
Denominator:
 
 

 
 

 
 

Denominator for basic calculation
 
16,972,000

 
16,203,000

 
15,943,000

Effect of dilutive securities:
 
 

 
 

 
 

Stock-based awards
 

 
215,000

 
254,000

Conversion of 3.0% convertible senior notes
 

 

 
4,709,000

Denominator for diluted calculation
 
16,972,000

 
16,418,000

 
20,906,000